Cityscape of Munich city during daytime with prominent text overlay: 'Munich Investors'Cityscape of Munich city during daytime with prominent text overlay: 'Munich Investors'

The Top Investors & Venture Capital firms in Munich

Munich has solidified its position as Germany’s leading deep tech hub, with 2024 marking another milestone in the city’s rapid ascent.

For the first time, Bavaria overtook Berlin in total startup fundraising, with Munich-based startups securing over €2.3 billion in venture capital. This shift reflects the city’s growing dominance in enterprise software, mobility, industrial technology, and aerospace, as well as a rising presence in defense and AI-driven hardware innovation.

We have gathered an inventory of VCs in Munich. 
logos of vs firms from munichlogos of vs firms from munich

Venture Capital in Munich: Investment Trends and Key Sectors

Munich has become a magnet for venture capital investment, particularly in the deep tech and hardware sectors. Investors are increasingly prioritizing B2B, AI, and deep technology, recognizing the city’s ability to produce startups with strong technological moats and global scalability. While Berlin remains Germany’s cultural and consumer-tech epicenter, Munich now leads in securing large funding rounds for industrial, aerospace, and AI-driven startups.

Fintech has also played a role in Munich’s expansion, even if it is less prominent than in
Berlin or London. One of the city’s fintech successes is Scalable Capital, a robo-advisor and trading platform, which raised €200 million in 2021 and has continued to grow steadily. Munich’s proximity to Germany’s major insurance companies and asset managers provides a strategic advantage for fintech startups targeting institutional markets.

The Bavarian government has also played an active role in fostering innovation, launching initiatives like a
€200 million Bavarian Fund for breakthrough innovations and specific programs aimed at attracting top AI talent. These efforts reflect a growing commitment to establishing Munich as a global leader in AI and next-generation technology.

Munich’s Startup Ecosystem: A Global Leader in Deep Tech and B2B Innovation

Munich’s startup ecosystem is defined by its focus on high-tech, globally competitive innovation, often referred to as “Isar Valley”, drawing parallels to Silicon Valley for its density of engineering talent and deep tech companies. The city benefits from an exceptionally strong academic and research infrastructure, particularly through institutions like Technical University of Munich (TU Munich), which produces a steady stream of PhD-led startups tackling complex engineering challenges. This focus has made Munich a leader in robotics, AI, semiconductor design, and space technology, areas that are becoming increasingly central to Europe’s tech ambitions.

Two of Europe’s most successful enterprise software companies, Celonis (process mining) and Personio (HR software), both valued in the billions, originated in Munich. Their success has fueled the city’s reputation as a hub for high-growth B2B startups, shifting investor focus in Germany away from consumer internet startups (historically dominated by Berlin) toward more industrial and enterprise-driven innovation.

All investors and VC firms in Munich

10x Founders
Founded
2020
Investments
28
Exits
Investment stage
Pre-Seed
Seed
Series A
Company profile
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10x Group
Founded
2006
Investments
84
Exits
14
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
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42CAP
Founded
2016
Investments
74
Exits
4
Investment stage
Seed
Pre-Seed
Company profile
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ALSTIN Capital
Founded
2018
Investments
26
Exits
6
Investment stage
Pre-Seed
Seed
Company profile
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Acton Capital
Founded
1999
Investments
120
Exits
42
Investment stage
Seed
Series A
Series B
Company profile
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Ananda Impact Ventures
Founded
2010
Investments
52
Exits
4
Investment stage
Seed
Series A
Company profile
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Augmentum
Founded
2017
Investments
26
Exits
7
Investment stage
Series A
Series B
Series C
Company profile
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BayBG
Founded
1972
Investments
104
Exits
11
Investment stage
Seed
Series A
Series B
Series C
Company profile
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Bayern Capital
Founded
2011
Investments
78
Exits
12
Investment stage
Pre-Seed
Seed
Series A
Company profile
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CommerzVentures
Founded
2014
Investments
42
Exits
3
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
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Digital+ Partners
Founded
2015
Investments
28
Exits
2
Investment stage
Series C
Series D
Company profile
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Earlybird Venture Capital
Founded
1997
Investments
312
Exits
48
Investment stage
Pre-Seed
Seed
Series A
Series B
Company profile
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HTGF
Founded
2005
Investments
799
Exits
103
Investment stage
Pre-Seed
Seed
Company profile
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Hitachi Ventures
Founded
2019
Investments
13
Exits
1
Investment stage
Seed
Series A
Series B
Company profile
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JVH Ventures
Founded
2010
Investments
14
Exits
1
Investment stage
Pre-Seed
Seed
Company profile
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Lakestar
Founded
2012
Investments
141
Exits
21
Investment stage
Seed
Series A
Series B
Series C
Series D
Company profile
See full breakdown
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Picus Capital
Founded
2015
Investments
207
Exits
6
Investment stage
Seed
Series A
Series B
Company profile
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Possible Ventures
Founded
2013
Investments
129
Exits
1
Investment stage
Seed
Pre-Seed
Company profile
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Redalpine
Founded
2007
Investments
145
Exits
12
Investment stage
Seed
Series A
Company profile
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Redstone VC
Founded
2014
Investments
55
Exits
9
Investment stage
Pre-Seed
Seed
Series A
Company profile
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Senovo
Founded
2013
Investments
54
Exits
7
Investment stage
Seed
Series A
Company profile
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Tiburon
Founded
2001
Investments
26
Exits
3
Investment stage
Pre-Seed
Company profile
See full breakdown
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Verdane
Founded
1985
Investments
133
Exits
17
Investment stage
Series B
Series C
Series D
Company profile
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WENVEST Capital
Founded
2000
Investments
20
Exits
1
Investment stage
Pre-Seed
Seed
Company profile
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Wellington Partners
Founded
1998
Investments
235
Exits
58
Investment stage
Seed
Series A
Series B
Company profile
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Yabeo
Founded
2013
Investments
41
Exits
7
Investment stage
Seed
Series A
Series B
Company profile
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Yttrium
Founded
2015
Investments
30
Exits
5
Investment stage
Series A
Series B
Company profile
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What are the most well-known venture capital firms in Munich?

Munich is home to some of the world's most influential venture capital firms. Some of these prestigious VCs are High-Tech Gruenderfonds, Earlybird, Target Partners, Next47, Atlantic Labs, Venture Stars, and btov Partners. High-Tech Gruenderfonds is one of Europe’s largest investor networks with a focus on early stage investments in technology-driven companies; Earlybird is a leading European venture capital firm that invests in disrupting business models across digital health, mobility & logistics, fin-tech and other sectors; Target Partners is an early stage venture fund specializing in IT and Internet investments; Next47 is Siemens' global venture arm that enables startups to develop breakthrough technologies; Atlantic Labs has a mission to invest in and accompany founders on their journey towards global success; Venture Stars offers early-stage venture capital for innovative technology companies; and finally, btov Partners is an international VC firm that invests in European tech companies.

What is the investment landscape like in Munich?

The city is well-known for its vibrant startup scene and supportive entrepreneurship networks, as well as access to various funding opportunities. This makes it an attractive destination for many investors and entrepreneurs alike. Many venture capital firms are drawn to the city because of its strong innovation ecosystem, which allows them to explore new opportunities and back innovative projects. Munich is also known for having a high concentration of angel investors who are willing to take risks on early-stage companies with potential. All these aspects make Munich one of the best places in Europe for venture capital investments.

By leveraging the connections offered by VCs like High-Tech Gruenderfonds, Earlybird, Target Partners, Next47, Atlantic Labs, Venture Stars and btov Partners, entrepreneurs can get the financial and strategic support they need to bring their ideas to life. With access to these prestigious venture capital firms, as well as other investors, Munich is an ideal destination for aspiring entrepreneurs looking to take their businesses to the next level.

What are the most active sectors for venture capital in Munich?

The venture capital industry in Munich is highly active and diverse, with investors pursuing a wide range of sectors such as digital health, mobility & logistics, fin-tech, IT and Internet. Digital health startups are particularly attractive to venture capitalists due to the potential for breakthrough technologies in this area. Additionally, mobility & logistics companies are also gaining traction among VCs who see an opportunity to invest in disruptive business models that can revolutionize how people move around.

Fin-tech businesses have been a popular target for VCs over the last few years due to their innovation potential and high growth opportunities. Finally, IT and internet companies remain a major focus of venture capital firms due to their ability to scale quickly and reach a large customer base.

What are the most recent notable investments made by venture firms in Munich?

Recently, venture capital firms in Munich have made notable investments in various startups. High-Tech Gruenderfonds invested in Lumendo, an artificial intelligence startup that specializes in visual analytics; Earlybird invested in Autonomai, a digital health company focused on the detection and management of chronic diseases; Target Partners backed einzige Technologies, a mobility & logistics startup offering an EV charging platform; Next47 funded Carbon Delta, a fin-tech solutions provider for climate risk assessment; Atlantic Labs financed Vyrill, an AI-driven online video search engine; Venture Stars provided funding to Spinlab Accelerator Network, an accelerator program based in Leipzig; and btov Partners’ most recent investment was into kazan.io a Salesforce-based software company. These investments highlight the venture capital activity in Munich and demonstrate its potential for entrepreneurs looking to make an impact.

Overall, Munich is a thriving center of innovation with many promising opportunities for investors and entrepreneurs alike. With access to some of the best venture capital firms in Europe, as well as a vibrant startup scene and supportive entrepreneurship networks, it is no wonder why so many are drawn to this city. Whether you’re looking to start your own business or invest in the next big thing, Munich has something to offer everyone.